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Am I Eligible for Loans from Wesbank in Cape Town? Terms and Conditions and Queries

Do you live in Cape Town? Are you looking for financial help? Congratulations! Here you have all you need so pleas, stop delving into other pages. One of the main banking companies of Cape Town is Wesbank. It has the most convenient and affordable loans so as to facilitate the life of citizens. In this post, we will develop information about the different lending programs that the bank has available. What is more, we will mention requirements and contact information so as to make application process easier.

About personal loans: features and financing

                When it comes to personal lending, clients can borrow from a minimum of R5000 to a maximum of R200000. Such amount of money can be used to pay for education tuition, home improvements, deserved vacations and even more. Interest rates tend to go from 25% to 28% and there are minimum monthly fees of R65 approximately. As far as financing term are concerned, they range from two to six years. You can adjust them to your needs.

About business loans: features and financing

                You may want to start a new business from the very beginning or improve a current one without worrying about money. With Wesbank, you can borrow cash to improve any company in the field of construction, mining, transport, agriculture, aviation, retailing and even manufacturing. The bank gives you the possibility to finance purchase or leasing of equipment or any other asset.

                Once that details about financing were given, we will show you how interest rates and financing work in real life revealing possible quotes granted by calculator available in the official webpage:

-For a loan of R80000 to finance the purchase of  a vehicle for instace, there are multiple options.  You can pay interest rates. that go from 25% to 28%. This amount of money can be financed, for example, in three years. That means that you will make 36 payments of R5253 approximately. Of course you can also choose a longer period, such as 5 years. By keeping the same interest rate, you will make 60 payments of near R4000.

-Let’s imagine you need more money to finance a higher expense: R120000. You can pay off the program in two years by making 24 payments of approximately R7178. You can also pay it in a maximum of six years by making 72 payments of near R4000.

Which are the requirements to apply for a Wesbank Loan?

                If you are thinking about applying for a Wesbank loan, there are certain requirements that you need to comply. First of all, you need to be older than 18 and present a copy of your ID to certify that. Secondly, you should earn, at least, R5000 monthly and this should be illustrated in your last three payslips. And finally, you need an account so as to receive the money. Such account can be the same as the one you use to receive your salary.

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                It is important to highlight some details about Wesbank that you will have to consider when applying for a loan. Although financing periods are set between 2 and 6 years, they are flexible. What is more, interest rates are fixed, that is to say that payments will not vary during the program. Another advantage is application. Via internet, you can get the money you need in just some seconds. Besides, don’t ignore that the bank doesn’t require any collateral to secure the loan. What is more, representatives are highly specialized to help you find the most convenient financing programs based upon your incomes. And last but not least, branches are scattered all around the company. In case you travel or you are not at home when needing money, look for an office near you and get the same benefits.

                Now you have an idea about what Wesbank gives to Cape Town’s residents, let’s see how you can contact the bank:

-In person, there is an office in the area of Malmesbury. The exact address is 14 Akasia Ave. The branch is open in typical business hours to assist current and prospective clients in person on by phone calling 86 128 8272.

-Another office can be found in the corner of Buitengracht Street & Hans Strijdom Avenue. It is exactly located in the FNB Building. During the week, its doors are open from 7.30a.m. to 4.30p.m. and on Saturday from 8a.m. to 12p.m. This office has an exclusive phone line you can call that is 86 193 7265.

-In case you are sure you want to apply for a personal loan, you can do so by phone. There is a line destined to personal loan application that is 0861 238 252. It is open from Monday to Saturday from 8a.m. to 8p.m.

-There is also another alternative for those who are interested in business loans. For business loans application please dial up 0861 922 677 from Monday to Saturday from 8a.m. to 8p.m. as well.

-If you don’t need personalized attention and you want to get the money as soon as possible, resort to online application. Pay a visit to the official Wesbank webpage, choose your favorite program and click on “Apply for a loan”. Application process will be ready in a matter of minutes.

-And finally, you can also make questions and leave comment via e-mail. The addresses are and and a bank representative will contact you quickly.

                To conclude, if you reside in Cape Town, money won’t be a problem in life any more. Wesbank has been in the South African market for more than 40 years financially help citizens. The company offers lending programs not only to meet personal needs, but also to make business succeed. No matter which aspect of life need help, resort to one expert company and don’t worry about problems that may arise on the road!

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Questions and answers

Are phone lines available 24/7?

No, they have a fixed time table.

Which is the maximum financing period available?

The maximum financing period is 6 years.

I earned R3 000 a month, can I apply for a loan?

No, you cannot. You should earn a minimum of R5 000.

Am i eligible for a loan at Wesbank? Thank you!

In order to be eligible for a Wesbank Loan you must have a payslips of R 5000 and have a good credit record.

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